Friday, May 14, 2010

Capitalism: A Love Story

Interesting movie by Michael Moore... a little gloom and doom and some interesting links including the Citibank memo that described how the 1% that holds 95% of the money in this country should be concerned about the pending revolt. http://www.scribd.com/doc/6674229/Citigroup-Mar-5-2006-Plutonomy-Report-Part-2

I especially liked the Condo Vultures bit and was shocked by the mortgage fraud warning from the FBI which dated back to 2004. http://www.cnn.com/2004/LAW/09/17/mortgage.fraud/

September 15, 2008 was the big start of the economic failure that resulted in the huge selloff. DeFazio's quote was pretty critical and spot on related to the bailout.

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